Brookfield Asset Management (BAM) Set to Announce Earnings on Wednesday

Posted by Wayne Rhoads on May 7th, 2024

Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Brookfield Asset Management to post earnings of C$0.46 per share for the quarter.

Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.47 by C$0.02. Brookfield Asset Management had a net margin of 45.27% and a return on equity of 18.68%. The company had revenue of C$1.54 billion for the quarter.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock opened at C$54.61 on Tuesday. The stock has a market capitalization of C$21.23 billion and a PE ratio of 35.23. Brookfield Asset Management has a 12 month low of C$39.38 and a 12 month high of C$58.19. The business has a 50 day simple moving average of C$55.30 and a 200-day simple moving average of C$51.69. The company has a debt-to-equity ratio of 1.73, a current ratio of 4.39 and a quick ratio of 0.95.

Brookfield Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Asset Management’s payout ratio is 133.55%.

About Brookfield Asset Management

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Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.